Itron has agreed to acquire utility software company Locusview in a cash transaction valued at $525 million, strengthening its position in digital infrastructure management. The deal, signed on November 17, 2025, will be funded entirely from Itron’s existing cash reserves and is expected to close in January 2026, subject to customary conditions. By adding Locusview’s construction-focused platform, Itron is moving deeper into the lifecycle of grid and network build out as utilities accelerate investment in energy and water infrastructure.
Strategic Rationale
The acquisition is designed to expand Itron’s Resiliency Solutions portfolio, which helps utilities and cities improve the reliability and efficiency of critical networks. Locusview’s cloud-based platform digitizes construction workflows for utilities, allowing operators to plan, execute, and close projects using high-precision data captured in real time from the field. Itron’s leadership argues that, as grid expansion and modernization become urgent priorities worldwide, combining its intelligent infrastructure capabilities with Locusview’s construction management tools will create a stronger end-to-end offering for customers.
Locusview’s Platform and Market Position
Founded in 2014, Locusview has built a digital construction management system tailored to the needs of energy and utility operators handling complex infrastructure projects. The platform coordinates multiple contractors and suppliers, provides accurate mapping of underground and above-ground assets, and reduces errors and safety risks by synchronizing data across teams in real time. Over the past year, the company’s software has been used to manage more than one million energy infrastructure projects in the United States, representing tens of billions of dollars in cumulative project value and winning the trust of more than 25 major energy companies and around 150 contractors.
Funding History and Shareholder Outcomes
Despite being more than a decade old, Locusview has raised relatively modest external capital, with total funding of about $70 million. Its only substantial round came in 2021, led by IGP, after which the company largely relied on its own profitability to finance growth, leaving investors with significant upside in this exit. Shareholders such as Claltech, Leumi Partners, Discount Capital, OurCrowd, and co-founder and CEO Shahar Levi, who is believed to hold roughly one-third of the equity, are expected to see substantial returns from the sale.
Deal Structure, Integration, and Growth Prospects
The transaction is structured as an all-cash purchase that will bring Locusview’s operations in the United States and Israel under Itron’s umbrella while retaining most of the company’s roughly 120 employees. Levi will join Itron in a senior role, and Locusview’s team will focus on scaling the platform globally as part of a broader intelligent infrastructure portfolio. Both companies position the deal as a springboard for the next phase of digitalization in utility networks, linking planning, construction, operations, and asset management as demand for grid capacity rises due to electric vehicles, renewable integration, and energy-intensive data centers.
By acquiring Locusview, Itron is extending its reach from metering, analytics, and grid operations into the earlier stages of infrastructure build out. The deal combines a profitable, specialized SaaS provider with a large global player in energy and water management at a time when utilities face mounting pressure to upgrade and expand networks. If integration proceeds as planned and market demand for resilient, data-driven infrastructure continues to grow, the transaction could mark a pivotal step in how critical energy and utility projects are planned, constructed, and maintained worldwide.